With an annual dividend yield of 20.58%, Arbor Realty Trust, Inc. (NYSE:ABR) is included among the 12 Ultra-High Dividend Stocks to Buy for Income Investors.
On June 15, Keefe Bruyette analyst Jade Rahmani cut the firm’s price target on Arbor Realty Trust, Inc. (NYSE:ABR) to $5.50 from $6.50 and maintained an Underperform rating. In a research note, the analyst said the firm is becoming “slightly” more cautious about the commercial real estate outlook.
A month earlier, on May 14, Citizens lowered its price recommendation on Arbor Realty to $8.50 from $9.50. It reiterated an Outperform rating on the stock. The analyst noted that Arbor is continuing to make progress in working through nonperforming loans and selling REO assets. That said, higher interest rates linked to the conflict in the Middle East have slowed the resolution process and extended the expected timeline. Citizens also argued that the stock’s 28% decline since Arbor reported its first-quarter results on May 8 appears excessive.
Arbor Realty Trust, Inc. (NYSE:ABR) operates as a real estate investment trust and direct lender. The company originates and services loans for multifamily properties, single-family rental (SFR) portfolios, and other commercial real estate assets.
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